Mind-blowing: You won’t believe what Jean Paul Prates just revealed about PAC and Petrobras on social media!

# Petrobras Contribution to Brazil’s Growth Acceleration Program

## Introduction

The president of Petrobras, Jean Paul Prates, recently highlighted the company’s significant contribution to Brazil’s new Growth Acceleration Program (PAC). Prates emphasized the “sense of responsibility and duty” that Petrobras, as a state company, feels towards being a partner of Brazil. In a post on the social network X (formerly Twitter), Prates celebrated the return of former president Lula, the revival of the PAC, and the resurgence of Brazil.

## Petrobras: Key Source of Funding for the Growth Acceleration Program

Petrobras, a mixed economy company listed on the stock market, plays a crucial role in financing the Growth Acceleration Program. Prates revealed that the company has planned R$ 323 billion in investments for 47 projects, making it one of the main sources of funds for the program. The total state investments in the PAC amount to R$ 343 billion, with Petrobras contributing a significant portion of this total.

## Diverse Projects in Petrobras’ Portfolio

While most of Petrobras’ projects in the PAC focus on oil and gas exploration and production, the company’s portfolio also includes initiatives to enhance the processing capacity of the Abreu e Lima Refinery (RNEST) and improve the flow of gas produced in the Santos Basin. Among the planned investments, 90% will be allocated to developing 19 new oil and natural gas production systems. The majority of these projects will be implemented in the Campos and Santos basins, with two projects in Sergipe.

## Expanding Exploratory Frontiers: Focus on the Equatorial Margin

The PAC is not limited to the existing oil and gas production areas. It also aims to explore new frontiers, particularly in the Equatorial Margin. This region includes the Foz do Amazonas and four other basins. As part of the program, Petrobras plans to drill nine exploratory wells in this region, opening up new possibilities for oil and gas discoveries.

## Revitalizing the National Shipyards and Boosting Petrobras’ Fleet

President Prates reiterated Petrobras’ commitment to rebuilding the national shipyards and expanding its fleet to support the company’s future growth in the oil and gas sector. He announced plans to acquire “at least” 25 new ships and undertake 26 dismantling projects. These projects involve the collection, dismantling, and treatment of structures related to Petrobras’ oil and gas activities, primarily in high seas locations.

## Pride and Excitement: Petrobras’ Role in the Growth Acceleration Program

In a recent social media post, Prates expressed immense pride and excitement in participating in the launch of the Growth Acceleration Program in Rio de Janeiro. He described it as a unique and significant opportunity for Petrobras to demonstrate its support for the government and its sense of responsibility as a state company. Prates emphasized Petrobras’ commitment to being a partner of Brazil.

## Conclusion

Petrobras continues to be a vital player in the country’s development, particularly through its participation in the Growth Acceleration Program. With extensive investments planned in various projects related to oil and gas exploration, production, and infrastructure development, Petrobras aims to contribute significantly to Brazil’s economic growth. The company’s dedication to its role as a state-owned enterprise and its commitment to being a responsible partner should further drive its success in the program and its overall contributions to Brazil’s development.